Can patent protection and product market competition complement each other in enhancing incentives to innovate? In this … paper, we address this question by investigating how innovation responses to a substantial policy initiative increasing … product market competition interact with the strength of patent rights. We provide empirical evidence of innovation responding …

This paper studies the interactions between health insurance and the incentives for innovation. Although we focus on … overutilization of health care. Our study of innovation in the pharmaceutical industry emphasizes the interaction of these incentives … monopoly pricing may be necessary to ensure that pharmaceutical companies do not possess excess incentives for innovation …

Private ownership should generally be preferred to public ownership when the incentives to innovate and to contain … capitalist incentives to innovate. Moreover, many of the concerns that private firms fail to address social goals' can be …

We study the relation between compensation practices, incentives, and performance in private equity using new data that … performance incentives, we find no evidence that higher compensation or lower managerial ownership are associated with worse net … productivity of manager skills, and in which managers with higher compensation earn back their pay by delivering higher gross …

We investigate whether bank performance during the credit crisis of 2008 is related to CEO incentives and share … no evidence that banks with CEOs whose incentives were better aligned with the interests of their shareholders performed …

We derive a measure that captures the extent to which overlapping ownership structures shift managers' incentives to … possibility that the growth of common ownership has had a significant impact on managerial incentives.Institutional subscribers to …

What determines CEO incentives? A confusion exists among both academics and practitioners about how to measure the … strength of CEO incentives, and how to reconcile the enormous differences in pay sensitivities between executives in large and … small firms. We show that while one measure of CEO incentives (the dollar change in CEO wealth per dollar change in firm …

The paper studies how a person's concern for a future career may influence his or her incentives to put in effort or …

Entrepreneurs who start new firms may choose not-for-profit status as a means of committing to soft incentives. Such … incentives protect donors, volunteers, consumers and employees from ex post expropriation of profits by the entrepreneur. We … high quality products, the incentives are even softer, and, moreover, non-profit status can serve as a signal of that taste …